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cryptonews

2023-01-10 10:15:00

Metropolitan Commercial Bank Closes Crypto Vertical, Emphasises it Has No Liabilities

Metropolitan Commercial Bank Closes Crypto Vertical, Emphasises it Has No Liabilities

US Metropolitan Bank Holding Corp., the parent company of the New York-based, $6.4 billion-asset-heavy Metropolitan Commercial Bank (MCB), said it would "fully exit the crypto-asset related vertical." Mark R. DeFazio, President and CEO of MCB, stated that this announcement "represents the culmination of a process that began in 2017, when we decided to pivot away from crypto and not grow the business."... Read More: Metropolitan Commercial Bank Closes Crypto Vertical, Emphasises it Has No Liabilities

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